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Harshal Parmar

9th Oct · SEBI-Registered Analyst

"Prestige Q2 Surge: Why Investors Aren’t Celebrating Yet"

PRESTIGE
🏗️ Q2 FY25 Performance Highlights - Sales Bookings: ₹6,017 crore, up 50% YoY, driven by strong housing demand. - Collections: ₹4,212 crore, a 55% YoY increase. - Sales Volume: 4.42 million sq ft, up 47% YoY, with 2,069 units sold. - Average Realizations: - Apartments: ₹14,906/sq ft (+8% YoY) - Plots: ₹9,510/sq ft (+43% YoY). - Geographic Mix: - Bengaluru: 40% - Mumbai: 22% - NCR: 18% - Hyderabad & Chennai: 18% combined. - New Launches: 3.87 million sq ft with GDV of ₹3,967 crore. - Retail & Office Segments: - Office occupancy: 93.4% - Retail turnover: ₹624 crore, up 9% YoY, with 99% occupancy. 📉 Stock Impact - Despite stellar numbers, Prestige Estates stock fell 1.54%, closing at ₹1,507.10 on NSE just before the update. - The muted reaction may reflect: - Profit booking after a strong run-up. - GST show cause notice of ₹154 crore to a subsidiary, which may have spooked sentiment. - Market already priced in strong performance.

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